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BSE: 544192 | NSE: IXIGO | Travel Services | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Le Travenues Technology Ltd is a below average quality company.
The key valuation ratios of Le Travenues Technology Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Le Travenues Technology Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | -375.9% | 40.9% | -15.3% | 3.1% | - |
| Value Creation Index ⓘ | NA | 2.0 | -2.1 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 110 | 121 | 253 | 330 | 653 |
| Sales YoY Gr. | - | 10.1% | 109.7% | 30.2% | - |
| Adj EPS ⓘ | -1.6 | 0.4 | -0.9 | 0.3 | 1.4 |
| YoY Gr. | - | NA | -309.3% | NA | - |
| BVPS (₹) ⓘ | -13.1 | -12.4 | 10.1 | 10.6 | 11.1 |
| Adj Net Profit ⓘ | -28.2 | 7.5 | -33.2 | 11.4 | 54 |
| Cash Flow from Ops. ⓘ | 36.8 | -14.7 | -39.5 | 19.4 | - |
| Debt/CF from Ops. ⓘ | 6.3 | -1 | -0.1 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 44.3% | 30.2% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | 5.1% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.5 | -7.3 | -16.9 | 3 | 12.8 |
| Op. Profit Mgn % ⓘ | -23.3 | 2.1 | -12.4 | 0.1 | 9.8 |
| Net Profit Mgn % ⓘ | -25.7 | 6.2 | -13.1 | 3.5 | 8.3 |
| Debt to Equity ⓘ | -1 | 0.8 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 90 | 88 | 96 | 151 |
| Cash Conv. Cycle ⓘ | 0 | -24 | -13 | -30 | 52 |
Return on Equity has increased versus last 3 years average to 12.80%
Sales growth is growing at healthy rate in last 3 years 44.32%
Sales growth is good in last 4 quarters at 10.18%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.4 | 2 |
| TTM Sales (₹ Cr.) | 653 | 656 |
| BVPS (₹.) ⓘ | 11.1 | 11.6 |
| Reserves (₹ Cr.) ⓘ | 391 | 409 |
| P/BV ⓘ | 15.98 | 15.34 |
| PE ⓘ | 127.15 | 90.55 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 135.00 / 196.45 |
| All Time Low / High (₹) | 135.00 / 194.38 |
| Market Cap (₹ Cr.) | 6,863 |
| Equity (₹ Cr.) | 38.7 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 84.1 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|
| Sales | 110 | 121 | 253 | 330 |
| Operating Expenses ⓘ | 135 | 118 | 285 | 330 |
| Manufacturing Costs | 31 | 25 | 46 | 53 |
| Material Costs | 0 | 0 | 0 | 0 |
| Employee Cost | 31 | 33 | 85 | 112 |
| Other Costs ⓘ | 74 | 61 | 153 | 164 |
| Operating Profit ⓘ | -26 | 3 | -31 | 0 |
| Operating Profit Margin (%) | -23.4% | 2.1% | -12.3% | 0.1% |
| Other Income ⓘ | 1 | 3 | 6 | 15 |
| Interest ⓘ | 1 | 2 | 3 | 1 |
| Depreciation ⓘ | 2 | 1 | 5 | 7 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -13 |
| Profit Before Tax ⓘ | -28 | 2 | -33 | -5 |
| Tax ⓘ | 0 | -5 | -1 | -9 |
| Profit After Tax | -28 | 8 | -32 | 5 |
| PAT Margin (%) | -25.3% | 6.3% | -12.6% | 1.4% |
| Adjusted EPS (₹) | -1.6 | 0.4 | -0.9 | 0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -225 | 20 | 373 | 394 | ||||||
| Share Capital ⓘ | 0 | 233 | 37 | 37 | ||||||
| Reserves ⓘ | -225 | -213 | 336 | 356 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 233 | 10 | 3 | 1 | ||||||
| Long Term Debt | 233 | 10 | 0 | 0 | ||||||
| Short Term Debt | 0 | 0 | 3 | 1 | ||||||
| Trade Payables | 28 | 16 | 39 | 28 | ||||||
| Others Liabilities ⓘ | 35 | 47 | 57 | 62 | ||||||
| Total Liabilities ⓘ | 70 | 93 | 473 | 483 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 8 | 7 | 202 | 198 | ||||||
| Accumulated Depreciation | 1 | 3 | 5 | 11 | ||||||
| Net Fixed Assetsⓘ | 6 | 4 | 196 | 188 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 2 | ||||||
| Investmentsⓘ | 12 | 27 | 102 | 136 | ||||||
| Inventories | 0 | 0 | 0 | 0 | ||||||
| Trade Receivables | 4 | 26 | 8 | 12 | ||||||
| Cash Equivalents | 32 | 23 | 91 | 67 | ||||||
| Others Assetsⓘ | 15 | 13 | 75 | 79 | ||||||
| Total Assets ⓘ | 70 | 93 | 473 | 483 | ||||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 37 | -15 | -39 | 19 |
| PBT ⓘ | -28 | 2 | -33 | -5 |
| Adjustment ⓘ | 27 | 5 | 19 | 21 |
| Changes in Working Capital ⓘ | 39 | -21 | -25 | 2 |
| Tax Paid ⓘ | -2 | -1 | -1 | 1 |
| Cash Flow From Investing Activity ⓘ | -8 | -17 | -216 | 14 |
| Capex | -1 | 0 | -2 | -3 |
| Net Investments | -8 | 1 | -105 | 44 |
| Others ⓘ | 0 | -18 | -109 | -27 |
| Cash Flow From Financing Activityⓘ | -2 | 14 | 258 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 276 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 5 | 0 |
| Interest Paid ⓘ | 0 | -1 | -2 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | -2 | 14 | -21 | -2 |
| Net Cash Flow ⓘ | 27 | -18 | 3 | 31 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 0 | -39.96 | 1.18 | ||||||
| ROCE (%) | N/A | 18.24 | -14.64 | -1.05 | ||||||
| Asset Turnover Ratio | 1.58 | 1.49 | 0.9 | 0.69 | ||||||
| PAT to CFO Conversion(x) | N/A | -1.88 | N/A | 3.8 | Working Capital Days | |||||
| Receivable Days | 14 | 46 | 25 | 11 | ||||||
| Inventory Days | 0 | 0 | 0 | 0 | ||||||
| Payable Days | 0 | 0 | 0 | 0 | ||||||
The company was incorporated on June 3, 2006 as a private limited company under the Companies Act 1956, with the name ‘Le Travenues Technology Private Limited’, pursuant to a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi. Further to the conversion of the Company to a public limited company and as approved by the company’s Shareholders pursuant to a special resolution dated July 29, 2021, the name of the company was changed to ‘Le Travenues Technology Limited’ and the Registrar of Companies, Delhi and Haryana (RoC) issued a fresh certificate of incorporation on August 3, 2021.
The company is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. Its vision is to become the most customer-centric travel company, by offering the best customer experience to its users. Its focus on travel utility and customer experience for travellers in the ‘next billion user’ market segment is driven by technology, cost-efficiency and its culture of innovation. Its OTA platforms allow travellers to book train tickets, flight tickets, bus tickets and hotels, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternate route or mode planning, flight status updates, automated web check-in, bus running status, pricing and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel itinerary planner and automated customer support services.
The company is the leading OTA for the ‘next billion users’, with its focus on localized content and app features that aim at solving problems of Tier II/ Tier III travellers. It has significant penetration in the ‘next billion user’ market. ‘Next billion users’ refers to an existing as well as anticipated market of ‘new to Internet’ users that includes all non-Tier I market demand i.e., all travel demand originating from and/or concluding in Tier II, III and rural areas in India as well as ‘new to Internet’ users emerging from middle and lower income groups of Tier I cities.
Business area of the company
The company is an online travel agency (OTA) that enables travellers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name ‘ixigo’. The company's list of services includes PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternative route or transportation planning, flight status updates, automated web check-in, bus running status, price and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel planning service and automated customer support.
Key awards, accreditations and recognition
Major events and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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